Artificial Intelligence Learns the Stock Market

MIAMI, Sept. 28, 2016 /PRNewswire/ — It was an accidental discovery. Miami based start up, Premonition, was set up to do legal analytics. They assembled the World’s largest litigation database and trained an artificial intelligence system to read it. The results were unexpected. While primarily focused on finding the performance of individual lawyers before specific judges to determine potential relationships, they noticed that a particularly prolific foreclosure attorney produced an 83% win rate for one of his bank clients, while another was only winning 16% of their foreclosures, essentially the same case types. “We couldn’t figure it out and had all kinds of foolish theories why,” Premonition co-founder and inventor, Toby Unwin confides. “A litigator visiting the office took one look at the numbers and told us “It’s the clients”. One…